Quote:
Originally Posted by Mattyk72
WASHINGTON -- Lawmakers eager to curb speculation in oil markets got support Monday from witnesses who told a House subcommittee that oil prices could fall sharply if Congress put strict limits on trading in energy futures by investment banks, pension funds and other financial investors.
link: Free Preview - WSJ.com |
Oh sure Matty, cite some liberal rag like the Wall Street Journal.
Interesting stuff. I've read elsewhere that speculators are driving the price up by $25-$50 p/b. I hadn't read that they're driving the price up by 60%. If they're right, Congress acts, and gas goes back to $2 p/g the economy would get a big boost.
06-24-2008, 10:11 AM
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